Webzen Inc. announces an Equity Buyback for 496,000 shares.
March 24, 2020 at 01:35 pm IST
Webzen Inc. (KOSDAQ:A069080) announces a share repurchase program. Under the program, the company will repurchase 496,000 shares. The purpose of the program is to stabilize share prices and enhance shareholder value. The repurchase program will continue until June 24, 2020. As of March 23, 2020, the company had 558,760 shares in treasury under the dividend capacity and 3,634,309 shares in treasury under other capacities.